They won’t confiscate it and not pay anything. That would be, I guess,
completely against the law. But say the price today, say around
$1,200-something, then what they can do is they could essentially say,
“Okay. We collect all the gold and pay $800.” More likely is that they
would first try to depress it to $800 and then do it, then they’ll pay
$800. Once they collect all the gold, like in 1933, they reevaluate to
say, $10,000.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
